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WHITEPAPER
Introduction
Proof-of-Concept
Why Are We Different
Roadmap
Technicalities
Staking
Tokenomics
Earning
Team
Welcome to the Maskerade Whitepaper. Here you'll find all you need to know about our project and our future plans.
The Maskerade Project is founded in 2022 to provide the same anonymity that Ethereum users have access to. In a world where privacy and confidentiality is uncommon, we aim to build a solution to this plague of privacy invasion.
Almost any transaction on the Solana blockchain leaves a trail. To make this project successful and sustainable, a private and exclusive Maskerade Community will be formed via minting of our Avatars. Community members can contribute and earn revenue from our tumbler.
The Maskerade Project is inspired by Tornado.Cash and we look forward to building a similar platform for users in the Solana Community. An estimate of 7.4 billion has been facilitated by Tornado.Cash, and it is highly likely we see that number increase at a steady pace.
The Maskerade Project's objective is to build a tumbler that everyone can use on the Solana blockchain. What is a tumbler? It is a solution that allows for anonymity and confidentiality on the Solana blockchain by pooling tokens together and mixing it up, before allowing the user to withdraw tokens from a different address than the address used for depositing tokens. The result? A cold trail that protects the privacy of the user by breaking the trace back to the original address. The technology will be made possible by utilising zkSNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge).
What makes our tumbler different from Tornado.Cash? We add an additional step after pooling together tokens, by swapping them with Monero ( XMR) using a forked dApp. Monero is a decentralised cryptocurrency that is untraceable and masks the sender and receiver addresses. It is the top privacy-oriented coin right now and masks every single step of the transaction. With the implementation of our swap, it is almost impossible to trace any transaction from start to finish - ensuring total and complete privacy. Everything will be done at just a click of the button from you.
ART
The 1/1s
The main collection
With 1111 + 5 unique art pieces merging the concepts of cybertech and urban fashion, we aim to create NFTs with high art values, on top of their tokenomics value. The art ties with the rapid evolution of the defi world, alongside mankind intelligence, and of course, portraying the value of privacy.
Phase 1
Launch and mint to onboard Maskerade Community Members
Phase 2
Staking is live to earn MASKED.
Phase 3
Community suggestions will be open and taken into consideration via voting by members.
Phase 5
Launch of Maskerade-Tumbler
Onboard independent developers to build and implement Maskerade-Tumbler
Phase 4
and Maskerade-Swap.
Phase 6
Implement Relayer functions & Revenue Share
With the use of zkSNARK (Zero-Knowledge Succint Non-Interactive Argument of Knowledge) and Monero ( XMR), anonymity and confidentiality is made possible to the highest level.
User deposits tokens into mixer/tumbler
Tokens are mixed in the pool
A private key is generated
Tokens swapped to monero ( XMR)
A private key is generated
Monero is transferred into a newly generated wallet
Monero key transferred
ck
Get a relayer to transfer funds
XMR swapped ba to original tokens
Users withdraw with private key
Once all community members are onboarded via minting, staking will be live in 3 days. Holders can stake their Maskerade to earn
MASKED. Locked Staking will be implemented with the corresponding rates:
7 days
75%
14 days
100%
MASKED earned
MASKED earned
30 days
125%
MASKED earned
Any early withdrawal will result in a 50% penalty of the tokens received.
All NFTS generate the same amount of MASKED without exception. Users will be able to choose to hold MASKED (Relayer) or sell them on Raydium for USDC. Each staked Maskerade earns 29 MASKED per day.
TOKENOMICS
20,000,000 MASKED tokens will be generated and 10% of mint funds will be injected into the LP. 10% of MASKED will be kept for the team. Furthermore, 100% of royalties will be injected into the LP as well.
There are 3 ways Community Members can earn.
.
60% of all revenue generated from Maskerade Tumbler will be distributed evenly amongst holders.
a
Holding 2000 MASKED allows holders to register to become Relayer, earning fees for relaying.
(More info in Mid Q2 2022)
Swapping MASKED tokens for USDC on Raydium
Lead Dev/Founder - Apache
As a 31 year old developer with a burning passion for programming and cryptocurrency, Maskerade project is the brainchild of Apache. Like many of you, he started with Ethereum NFTs, found his way into Solana and hasn't looked back since. Prior to walking this path, he was an ex-blockchain engineer and fullstack developer with Republic. The potential of Solana as a whole has intrigued and inspired Apache to develop such a tool for the Solana community. .
Chief Marketing/Advisor - Wildfire
Wildfire has been the involved in the marketing industry for 8 years, crafting campaigns for both large corporations (marketing consultant for Telcos and Media industry) & start-ups. A believer of flowing with the tide, Wildfire has been immersed in cryptocurrencies since 2018 and have been actively involved in the NFT space both as an investor and advisor. Having skin in the game highlighting the problem of anonymity (or lack thereof) has presented Wildfire a wonderful opportunity to serve the NFT community while solving this frustrating problem through Maskerade.
Artist - Shazp1nzee
Starting his career as a journalist, Shazp1nzee gained experience in the media industry, which allowed him to apply concepts of impactful communication in his side passion - art and graphic design. Within 5 years of pivoting to a full-time illustrator job, he has been practicing to create simple yet impactful messages through art. Shazp1nzee believes in embedding thoughts in each and every artwork - or NFT, creating long lasting art value beyond being just an financial asset.
Community Manager- AggroDrone
Formerly employed at McCann Australia as a Community and Social Media Manager from 2012 to 2016, with a human psychology degree in 2016, AggroDrone has been a moderator for 4 NFT projects. AggroDrone strives to create a conducive community by meticulously communicating with its participants whilst assisting in moderation functions within.
Community Manager - Purge
Purge is one of the protectors of the discord server and he loves to serve and provide aid, with care and empathy. With an array of experience building communities, Purge is here to deal with the needs and requests of the community to the best of his ability. Focused on building and growing the community, he strives to make every member feel safe and at ease, while being able to do what they desire in privacy.